请教，大全656，句子结构

Some analysts contend that true capitalism exists only when the ownership of both property and the means of production is regarded as an inalienable right of an individual’s, and it is not a license granted by government and revokable at whim.

(A) is regarded as an inalienable right of an individual’s, and it is not

(B) are regarded as individuals’ inalienable rights, and that it not be

(C) is regarded as an individual’s inalienable right, not as

(D) are regarded as an individual’s inalienable rights, not when they are

(E) is regarded as the inalienable rights of an individual, not when it is

请问一下，C中的not as...做什么结构呢？如果是并列，为什么没有连词连接呢？

E中not when it is除了也没有连词连接，此选项还有什么问题呢？

感觉这道题挺难的，大家来议议吧！！！！

Some analysts contend that true capitalism exists only when the ownership of both property and the means of production is regarded as an inalienable right of an individual’s, and it is not a license granted by government and revokable at whim.

(A) is regarded as an inalienable right of an individual’s, and it is not

(B) are regarded as individuals’ inalienable rights, and that it not be

(C) is regarded as an individual’s inalienable right, not as

(D) are regarded as an individual’s inalienable rights, not when they are

(E) is regarded as the inalienable rights of an individual, not when it is

主语为ownership，故BD可以排除；

A双重所有格是GMAT所不提倡的..而且不合逻辑

E我觉得有两个错误。首先the inalienable right 的定冠词the错误，第一次出现的事物不用the。

其次when it is，it指代太遥远了..假如按照最近的单数名词是production，明显不符合逻辑，逻辑指代ownership

都排完之后就剩下C了..

我做很多SC后就有觉悟了..不要执着选项是完美的..只要比其他项错得少就好了...

谢谢你的回复！！关于E我已经明白过来了，只不过我的想法跟你的有点不一样哈。

我认为E中it指代是没有问题的，因为only when与not when平行，it可以指代the ownership of both property and the means of production。
    

E应该错在the ownership不是is a license，而是is regarded as a license，所以E逻辑意思错了。
    

另外，我在想，是不是not可能有这种用法的（虽然在字典中没查到）？？？   It is an apple, not a pear.